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Government collects extra €230M in taxes in January

The Portuguese state collected €2.914 billion in taxes in January, €232.7 million more than in the same month last year, the budget department said on Monday.

A government summary of the budget implementation showed that direct taxes increased 12.3 percent to €1.254 billion, mainly because of the performance of personal income tax (+8.4 percent to €1.192 billion) and company income tax (almost four times more to €59.8 million).Indirect taxes went up 6.1 percent to €1.66 billion, driven by an increase in VAT (+7.3 percent to €1.04 billion) and tobacco tax (+23.9 percent to €58.7 million).Car tax and stamp duty both fell slightly by 5.2 percent to €60.2 million and 1.8 percent to €137 million, respectively.

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